Former chancellor says he warned Truss she would be out in two months if she ‘carried on like this’

Kwasi Kwarteng has revealed he told Liz Truss to “slow down” and warned her she would “have two months” if she continued at the same rate with her radical mini-budget measures which triggered economic turmoil.

Kwarteng was sacked as chancellor last month by the then-prime minister after less than six weeks in the job, after the government’s £45bn tax cuts triggered economic turmoil, with government borrowing costs soaring and the pound plummeting to a 37-year low.

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